Minnesota Timberwolves point guard Derrick Rose announced today that he is starting his own scholarship, The Rose Scholars.

Rose is encouraging high school students to pursue their dreams of college by awarding over $400,000 in tuition money through the program.

“I hope to provide students a path to college that was not previously available to them,” Rose said in a statement. “Investing in school-age youth has long been a passion of mine, and I am proud to continue to help children pursue higher education as a means to better themselves and their communities.”

Rose, the youngest MVP in NBA history, has a long tradition of giving back to those in need. In 2014, Rose donated $1 million to After School Matters, a Chicago charity that arranges out-of-school apprenticeships for teens. He has also paid for multiple funerals in his hometown of Chicago.

The Wolves re-signed Rose on a one-year deal worth $2.3 million. The explosive guard averaged 14.2 points while shooting an efficient 50.9 percent from the field and 70 percent from three in his five postseason games, playing roughly 24 minutes a contest.